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College grads are getting screwed financially: report

A new report from the Economic Policy Institute found that college graduates between the ages of 21 to 24 are earning less money than they did in 2000. When adjusted for inflation, full-time workers made $3,200 less in 2012 compared with 2000. The report looked at college grads who don’t have an advanced degree.

Another sobering figures, courtesy of The Huffington Post: The unemployment for those with bachelor’s degrees is 13.5 percent (based on 2011 figures).

Not having a bachelor’s degree is far worse when it comes to overall employment and earning power, according to the Bureau of Labor Statistics (BLS). In fact, the more education a person has, the greater a chance he or she has of holding a job and earning a good wage, as this chart from BLS shows:

Of course, education often goes hand-in-hand with student debt. A report from the Institute for College Access and Success said the average college student who graduated in 2011 holds $26,600 in student debt. A full two-thirds have some student debt.